California and Seven other states to add 3.3 million zero-emission vehicles by 2025

Determined to cut carbon emissions, California on Thursday joined Oregon and six other states in announcing a set of joint steps planned to introduce more than 3 million environment-friendly vehicles by the year of 2025.

The eight states announced that they would add at least 3.3 million... read more

Lawmakers approve measure to raise minimum wage to $13/h by 2017

California lawmakers on Thursday passed a measure that would gradually increase the minimum wage in the state by $5 per hour by the year of 2017. Currently the minimum wage in the state is at $8 an hour.

Senator Mark Leno (D-San Francisco), the author of the bill, said it was necessary to... read more

BP asks Supreme Court to stay spill claims payouts

Oil giant BP Plc has filed an emergency appeal with the U. S. Supreme Court urging the apex court to order a subordinate court to reinstate the stay that it lifted, allowing claims administrator to start processing spill claims.

The emergency appeal was filed immediately after the New... read more

Treasury yields slip to new lows

Yields on 10-year U. S. Treasury notes suffered a notable fall to close at their lowest in as many as 11 months on Wednesday, partly due to weakness in German bond market and partly because of more buying from institutional investors.

Ten-year German Bund yields tumbled 1.337 per cent,... read more

The popular fast-food chain McDonald's has unveiled plans to return $18 billion to $20 billion to shareholders by 2016 through dividends or by buying-back shares.

The figure of $18-$20 billion that the company will return to shareholders during the period of 2014-2016 represents an... read more